Daniels Estate Agents
Lettings Guide

Long established professional letting service

We have managed property in the St Albans area for over twenty years and many landlords and tenants in the area enjoy the benefits of our professional letting service - a great deal of them have in fact used this service for a number of years. At Daniels we also have enviable links with many Blue Chip companies and relocation agents, giving us excellent access to corporate tenants and company lettings. The first step is to contact us for a marketing appraisal but the following information may be of some assistance.

             
     

Chris Cooke FNAEA - Director

  James Smith MNAEA - Director   Rose Johnson - Lettings Negotiator   Matthew Farrant - Sales Administrator

Use the Daniels letting service to take advantage of:

If repair and maintenance work is required at any stage of the tenancy, or even when the property is vacant, we can arrange local tradesmen who will offer prompt and reliable service at competitive rates.

Fees and other financial considerations

Our fee for the entire letting service is just 12.5% + VAT of the total rent received.

There are, of course, a number of other financial considerations to be taken into account when letting property. These are set out in detail on the reverse of this information sheet.

Additional services from Daniels

At Daniels we have a long established Property Valuation and Sales Department. We also offer a Mortgage Service in association with a local firm of Mortgage Advisors. Ask for a personal quotation and this will be prepared for you without charge or obligation.

More reasons to come and talk to us

As members of the National Association of Estate Agents, the National Approved Letting Scheme and the Ombudsman for Estate Agents you can be sure that we are bound by a strict code of conduct. This gives you further assurance, should you need it, that you will be getting the right professional advice and assistance when selling or letting your home.

Once you talk to Daniels, and see how much more we have to offer in terms of experience and the quality of our service, you'll begin to realise why much of our new business comes through recommendation from our clients as well as the professional people with whom we work.

How to find us

Daniels is situated on London Road, St Albans, just off the city centre. Our offices have a public car park close by.

We are open from 8.45 a.m. until 6.30 p.m. Monday to Friday (5.00 p.m. on Saturdays). We are however happy to arrange appointments outside these hours whenever necessary.

Click here to view our location on a map

Residential lettings. Some financial facts from Daniels

Council Tax

For the duration of a tenancy payment of Council Tax is the responsibility of the tenants. As owner you should have no liability whilst the property remains occupied.

Utilities

All charges for electricity, gas, water and telephone are normally the responsibility of the tenants.

Mortgages

If a mortgage is secured on the property it will be necessary for you, as the owner, to obtain consent to the letting from your Lender. The Lender may make a small administration charge for granting this consent and may issue a list of letting conditions which you will need to comply with.

     

Buildings/contents insurance

As the owner of a property which you are letting out it is essential that you notify your insurers that the property is to be let. This will ensure that the cover continues while tenants are in the property. If your insurer does not wish to continue cover during the letting then ask Daniels to advise you on the various policies available for landlords.

We can even provide you with guaranteed rent (subject to tenant's status). Please contact us for further details.

Tax liability

The taxation of rental income is a subject best dealt with by a specialist. We strongly suggest you consult your professional adviser, accountant or local tax office. However we have included the following "ready reckoner" just for your guidance.

 

To calculate your tax liability

Show total annual rent receivable   £_______
     
Deduct:    
     
Mortgage interest £_______  
Agent's Fees (including VAT) £_______  
Building/contents insurance premiums £_______  
Repairs carried out £_______  
Wear and tear allowance (10% of gross rent) £_______  
     
TOTAL DEDUCTIONS £_______ £_______
     
Taxable Income   £_______

It is the owner's responsibility to inform the Inland Revenue of rental income from property.

If you are going abroad particular rules apply to your tax situation. We will be happy to explain these to you in more detail. In this instance we are obliged to insist that, as the landlord, you employ the services of a UK Tax adviser and you must complete a Non-Resident Landlords form issued by the Inland Revenue.

For further help and advice, just contact us.

Should you require any further advice on the financial or any other aspects of property letting we will be very happy to help. Just call us on (01727) 836561 or email us at: lettings@daniels.uk.net.

 

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